Brussels, 26/05/2016 (Agence Europe) - On the sidelines of the Ecofin Council of Wednesday 25 May, the European finance ministers took stock of the progress of the Juncker Plan, which is designed to draw down €315 billion in additional investments by 2018.
“We expect that our financing supported by the EU budget guarantee so far will mobilise €100 billion of total investment. This is a remarkable success in less than 12 months”, said Werner Hoyer, the President of the EIB, the European institution responsible for steering the Juncker Plan. Given the very high number of projects pending that will benefit from European public guarantee via the European Fund for Strategic Investments (EFSI), the financial arm of the Juncker Plan, he said that he was confident that the three-year investment plan would hit its targets. (Original version in French by Mathieu Bion)